Flash Note nº 13

Dear subscriber [name],

We are sending our most recent Flash Note.

Highlights:

In the second quarter of 2023, the Angolan economy stagnated when compared to the same period in 2022;
As we expected, the Diamonds & Minerals sector fell 21.9% in Q2 2023, after growing 23% yoy in Q1 2023;
The Q2 2023 data for the oil sector is not very encouraging, as it is the second consecutive quarter of declines;
We believe that non-oil economic activity will contract in Q3 2023.

Best regards,
BFA

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